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MDU Company Profile

MDU Resources Group- (MDU)-operates as a natural resource company in the United States. Its Electric segment generates, transmits, and distributes electricity in Montana, North Dakota, South Dakota, and Wyoming. As of December 31, 2007, the company provided electric services to approximately 120,000 residential, commercial, industrial, and municipal customers located in 177 communities; and sold natural gas to approximately 234,000 residential, commercial, and industrial customers in 145 communities. MDU Resources Group was founded in 1924 and is based in Bismarck, North Dakota.

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MDU Resources Group News

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MDU Resources Has Positive Quarter, Raises Guidance (MDU)

Aug 4, 2008

MDU Resources (MDU) just reported a solid quarter in which profits were up 29 percent on strong natural gas and oil production. The company believes the rest of the year will continue to be strong, as energy prices continue to fetch historically high prices.
Management is increasing guidance to a range of $2.10 to $2.35 per share, above its previous estimates of $1.85 to $2.10 per share. MDU is a well-diversified company, conduction operations in five different areas: natural gas and oil production, natural gas pipelines and energy services, construction materials and contracting, construction services, and electric and natural gas utilities.
We find shares of MDU Resources attractive at present levels. The stock is up nearly 120% in the last 5 years, climbing slowly and steadily (which, as we all know, "wins the race"). Paying 15 times earnings for this company's revenue growth is also not expensive. The company has a 1.83% dividend yield, based on Friday's closing stock price of $31.65.
MDU Resources (MDU) is a “Recommended” dividend stock, holding a Dividend.com Rating of 3.7 out of 5 stars.Be sure to visit our complete recommended list of the Best Dividend Stocks as well as a detailed explanation of our ratings system here.

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*** All dividend payout and date information on this website is for information purposes only. We do not guarantee the accuracy of any dividend dates or payout amounts. Always check with your broker first before purchasing any security.